Details close on forest peace deal funding

The Tasmanian Government is hoping to announce later today how much extra funding the Commonwealth is prepared to give the state to implement the forest peace deal.

Some Upper House MPs say they are reluctant to vote on legislation to enshrine the agreement without knowing how much more money is on offer.

The Commonwealth has already promised $276 million to help the industry restructure and about half has already been spent.

The Deputy Premier, Bryan Green, says there are extra funding requests from the environmentalists and forestry industry representatives who brokered the deal.

"We're working very closely with the Commonwealth, it's my expectation we'll have that finalised today." The Upper House is set to debate the peace deal legislation later today.

MLCs are being briefed by government department officials about how the deal would work.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9327-0.0005-0.05%
    AUDUSD=X
    0.5555-0.0003-0.05%
    AUDGBP=X
    0.6753-0.0003-0.05%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg